The biggest reason the market feels so hot is because sales are flying all over North San Diego County Coastal – especially towards the end of 2012. But there have been enough inferior locations, dumpy old fixers, and fraudulent short-sales selling that the annual average pricing hasn’t moved much:
Annual Sales and Average $/sf – NSDCC North:
Category | 2010 | 2011 | 2012 | YOY %change |
Sales | 1,410 | 1,447 | 1,789 | |
Avg $/sf | $312 | $300 | $301 |
Annual Sales and Average $/sf – NSDCC South:
Category | 2010 | 2011 | 2012 | YOY %change |
Sales | 1,050 | 1,115 | 1,361 | |
Avg $/sf | $471 | $472 | $479 |
A strong finish of the year in both areas!